{"id":615862,"date":"2024-02-25T00:00:00","date_gmt":"2024-02-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/"},"modified":"2024-02-25T00:00:00","modified_gmt":"2024-02-25T00:00:00","slug":"this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/","title":{"rendered":"THIS EVENING: EGX30 closes down 5% after ADQ investment cools off parallel market + NDFs"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, ladies and gentlemen.<\/strong> We\u2019re starting off a new week that promises to be busy and bring us a very full pipeline of news, which most of us were anticipating after an eventful weekend. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>EGX falls 5%:<\/strong> The EGX30 fell 5.0% at the close of trading today, according to market data, after news of Abu Dhabi wealth fund ADQ\u2019s planned USD 35 bn investment in Egypt for development rights to Ras El Hekma on the North Coast over the weekend. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The EGP strengthened in the parallel and derivatives markets following the investment announcement, with the FX rate cooling to somewhere between EGP 49.50 and EGP 52.00 against the greenback, while the official rate remained unchanged. The EGP also strengthened in the market for twelve-month non-deliverable forwards, with traders putting the USD-EGP rate at the high 50s, down from a January peak of 66.7. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Donald continues to dominate the Republican primaries and international headlines.<\/strong>Most recently, the former POTUS defeated Nikki Haley in her home state of South Carolina, with 60% to her 39%, only further solidifying his run for president. Haley still vows to stay in the running until at least the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/02\/01\/us\/politics\/super-tuesday-when-states.html#:~:text=It%20is%20the%20day%20in%20the%20presidential%20primary%20cycle%20when%20the%20most%20states%20vote.%20The%20exact%20number%20varies%20by%20year%2C%20but%20it%20is%20common%20for%20a%20third%20of%20all%20delegates%20to%20the%20Republican%20or%20Democratic%20conventions%20to%20be%20awarded%20on%20Super%20Tuesday.\" style=\"\" rel=\"noopener\">Super Tuesday<\/a> primaries despite her losses, arguing that many Republicans are wary of Trump serving another term, but her performance has many questioning how long she can stay in the race. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8dd21100-fc6e-4e80-b00f-7475f159814d\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/who-voted-how-south-carolina-primary-trump-haley-86a0c7960e5c3c7f88ec1c9a330be53e\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/elections\/2024\/02\/24\/trump-haley-south-carolina-primary-republicans\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/how-trump-defeated-nikki-haley-her-home-state-south-carolina-2024-02-25\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/02\/24\/us\/politics\/trump-haley-south-carolina-takeaways.html\" style=\"\" rel=\"noopener\">New York Times<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1816.jpg?ssl=1\"\/><\/a> <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>The Madbouly government has inked a USD 35 bn agreement with ADQ, <\/strong>giving the Abu Dhabi wealth fund and longtime investor in Egypt the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0b97fcf-95b0-4d39-86ae-0a4989221520\" style=\"\" rel=\"noopener\">development rights<\/a> to Ras El Hekma on the North Coast.<\/li>\n<li><strong>The Madbouly government is still looking at how it will use the proceeds from the sale, <\/strong>but a top government official told us yesterday <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7ff3f1fe-8206-4052-b4da-085131fed0a4\" style=\"\" rel=\"noopener\">that addressing the import backlog and paying arrears owed to foreign partners are among cabinet\u2019s top priorities<\/a>.<\/li>\n<li><strong>News of the <\/strong><strong>ADQ\u2019s<\/strong><strong> USD 35 bn investment in Egypt saw the EGP strengthen immediately<\/strong> in the parallel and derivatives markets. It remains unchanged at 30.95 to the USD in the official market ahead of banks opening today, with speculation now that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f90dcd68-c0d7-458a-990e-a21914368d0e\" style=\"\" rel=\"noopener\">we could see a \u201cmodest\u201d devaluation<\/a> as early as this Thursday.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"web-image-inner\"><img data-recalc-dims=\"1\" decoding=\"async\" style=\"display: block\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2022\/03\/Inside-Industry-en-WEB-1600x584-v5-03-1.jpg\" alt=\"enterprise\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Inside Industry day \u2014<\/strong><strong>your weekly briefing of all things industrial in Egypt.<\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue:<\/strong> The high interest environment has been challenging for businesses, particularly manufacturers and industry players, as financing for capital expenditure is prohibitively expensive. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>?\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a warmer and sunnier day tomorrow that will bring us a high of 25\u00b0C in the daytime and a low of 12\u00baC at night, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, ladies and gentlemen. We\u2019re starting off a new week that promises to be busy and bring us a very full pipeline of news, which most of us were anticipating after an eventful weekend. THE BIG STORY TODAY EGX falls 5%: The EGX30 fell 5.0% at the close of trading today, according to market [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":615863,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[68,633,7388,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-615862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-egx","tag-enterprisepm","tag-ras-el-hekma","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"2fc2a9d3-b585-420e-a302-bffaf8d56c00","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2022\/10\/110.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[615860],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.be69498c-3804-4510-b10d-8dabb7bfec76.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: EGX30 closes down 5% after ADQ investment cools off parallel market + NDFs - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: EGX30 closes down 5% after ADQ investment cools off parallel market + NDFs\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, ladies and gentlemen. We\u2019re starting off a new week that promises to be busy and bring us a very full pipeline of news, which most of us were anticipating after an eventful weekend. THE BIG STORY TODAY EGX falls 5%: The EGX30 fell 5.0% at the close of trading today, according to market [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-25T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/110.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: EGX30 closes down 5% after ADQ investment cools off parallel market + NDFs\",\"datePublished\":\"2024-02-25T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/\"},\"wordCount\":534,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/110.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EGX\",\"EnterprisePM\",\"Ras El Hekma\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/\",\"name\":\"THIS EVENING: EGX30 closes down 5% after ADQ investment cools off parallel market + NDFs - 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We\u2019re starting off a new week that promises to be busy and bring us a very full pipeline of news, which most of us were anticipating after an eventful weekend. THE BIG STORY TODAY EGX falls 5%: The EGX30 fell 5.0% at the close of trading today, according to market [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-02-25T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/110.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"THIS EVENING: EGX30 closes down 5% after ADQ investment cools off parallel market + NDFs","datePublished":"2024-02-25T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/"},"wordCount":534,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/110.jpg?fit=%2C&ssl=1","keywords":["EGX","EnterprisePM","Ras El Hekma","WHAT WE\u2019RE TRACKING TONIGHT"],"articleSection":["WHAT WE\u2019RE TRACKING TONIGHT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/","name":"THIS EVENING: EGX30 closes down 5% after ADQ investment cools off parallel market + NDFs - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/110.jpg?fit=%2C&ssl=1","datePublished":"2024-02-25T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/110.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/110.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/this-evening-egx30-closes-down-5-after-adq-investment-cools-off-parallel-market-ndfs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"THIS EVENING: EGX30 closes down 5% after ADQ investment cools off parallel market + NDFs"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/110.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/110.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/110.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":615896,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/26\/egx30-drops-5-after-ras-el-hekma-announcement-softens-devaluation-forecasts\/","url_meta":{"origin":615862,"position":0},"title":"EGX30 drops 5% after Ras El Hekma announcement softens devaluation forecasts","author":"enterpriseam admin","date":"26 February 2024","format":false,"excerpt":"The USD on the local parallel market has fallen nearly 17% since ADQ\u2019s agreement with the government was announced on Friday","rel":"","context":"In &quot;Capital markets&quot;","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2470.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":614451,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/01\/this-evening-govt-is-not-selling-ras-el-hekma-land-for-usd-22-bn\/","url_meta":{"origin":615862,"position":1},"title":"THIS EVENING: Gov\u2019t is not selling Ras El Hekma land for USD 22 bn","author":"enterpriseam admin","date":"1 February 2024","format":false,"excerpt":"Good afternoon, friends, and happy Thursday. The weekend is finally here, but we\u2019ll keep our phones close, as we are still waiting for the outcome of the Central Bank of Egypt\u2019s monetary policy meeting later this evening.THE BIG STORY TODAY No, we are not getting USD 22 bn for Ras\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":616206,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/01\/this-weekend-ras-el-hekma-investment-dominates-the-news-as-the-first-and-second-batches-arrive-with-a-total-of-usd-10-bn-from-the-contracted-usd-35-bn\/","url_meta":{"origin":615862,"position":2},"title":"THIS WEEKEND: Ras El Hekma investment dominates the news as the first and second batches arrive with a total of USD 10 bn from the contracted USD 35 bn.","author":"enterpriseam admin","date":"1 March 2024","format":false,"excerpt":"Good morning, friends. We hope this Friday treats you well. We are counting down the days until Ramadan begins.What would Ramadan be without the spirit of giving? Kicking off the season, we are sharing the lowdown on some of the Ramadan charitable boxes and bag options in the capital and\u2026","rel":"","context":"In &quot;THE WEEK IN REVIEW&quot;","block_context":{"text":"THE WEEK IN REVIEW","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-week-in-review\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2236.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":616065,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/28\/ras-el-hekma-once-again-dominated-the-airwaves-last-night\/","url_meta":{"origin":615862,"position":3},"title":"Ras El Hekma once again dominated the airwaves last night","author":"enterpriseam admin","date":"28 February 2024","format":false,"excerpt":"The talking heads focused on the impact of the agreement on our USD bonds, the parallel market, and commodity prices","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2740.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":615941,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/26\/this-evening-all-is-quiet-on-our-newswire-for-the-moment\/","url_meta":{"origin":615862,"position":4},"title":"THIS EVENING: All is quiet on our newswire \u2014 for the moment","author":"enterpriseam admin","date":"26 February 2024","format":false,"excerpt":"Good afternoon, wonderful people, and welcome to a surprisingly quiet Monday. There\u2019s no real big story at home to speak of so far, although we know that could easily change overnight. THE BIG STORY ABROADNot much has changed since this morning, with Israeli Prime Minister Benjamin Netanyahu\u2019s plans for the\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/771.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":620314,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/this-evening-uae-based-electra-investment-holding-bids-for-a-24-5-stake-in-elsewedy-electric\/","url_meta":{"origin":615862,"position":5},"title":"THIS EVENING: UAE-based Electra Investment Holding bids for a 24.5% stake in Elsewedy Electric","author":"enterpriseam admin","date":"19 May 2024","format":false,"excerpt":"Good afternoon, folks. We are kicking off this week by sending plenty of gratitude to WillisCarrier and his invention that is making this heatwave bearable. THE BIG STORY TODAY Electra Investment Holding has put in a bid for a 24.5% stake in Elsewedy Electric, according to a statement (pdf) from\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/100.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/615862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=615862"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/615862\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/615860"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/615863"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=615862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=615862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=615862"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=615862"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=615862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}